AboutHenning Haarhaus Expertise I am a Certified German Lawyer and a Certfied Tax Expert. I practice in German business, tax & commercial law; e.g. business organisations, contracts; debt collections and international law. I also offer my legal services in the fields of German inheritance and inheritance tax law.
Experience I have been working as a German lawyer since 1999 in the forenamed fields.
Organizations Berlin Bar Association, German Association of Estate Succession and Inheritance Law, German-Korean Lawyers Association - Secretary General
Publications Please find a guide about the basics of German inheritance and real estate law in my online resource:
http://www.kanzlei-haarhaus.de
Education/Credentials - graduated as certified banker in 1989 - passed First State Exam (JD-equivalent) in 1994 - passed exam on expertise in the field of inheritance law in 2005 - Certified Tax Expert since 2007
Question QUESTION: Who is responsible for a Financial Loan when somebody passes on? Can any family members be held resposible if not on the loan, or in the Will?
ANSWER: It depends on what country you are talking about. In general, the inheritors are liable for the debts of the decedent. Depending on the applicable jursidiction, there may exist various means in order to limit the heirīs liability to the value of the estate.
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QUESTION: The country is Italy and there was not a Will with any assets or a estate. Only this Loan to be paid.
Thank You
Answer You would be liable. However, you can waive your inheritance altogether. Such declaration must be recorded by an Intalian notary or the Italian estate court. I would advise youto consult the Italian consulate general because their officers usually have the same authorities as notaries.
